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Penumbra PEN Gross Profit

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Other financials

Income statement

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Revenue$374.8M+15.6%
Operating income$38.2M-5.2%
Net income$32.6M-16.9%
EPS (diluted)$0.82-18.0%

Balance sheet

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Cash & equivalents$241.3M-35.8%
Total debt$216.2M-2.0%
Total equity$1.5B+21.5%
Total assets$1.9B+19.2%

Cash flow

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Operating cash flow$87.0M+77.6%
CapEx$13.7M+1.5%
Free cash flow$73.3M+106%

Valuation

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Market cap$12.73B+36.0%
Enterprise value$12.71B+38.7%
P/E74.4×+11.1×
P/S8.8×+1.4×

Profitability

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Gross margin67.4%+3.7pp
Operating margin12.9%+9.8pp
Net margin11.8%+8.4pp
FCF margin14.6%+2.5pp

Returns & leverage

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Return on equity12.7%+9.2pp
Debt / equity0.1×0.0×
Current ratio-0.3×

Where this comes from

Calculated from Penumbra’s reported figures.

The source filing: Penumbra’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:45 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001321732-26-000019
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue$374,758$324,140
Cost of revenue121,347108,257
Gross profit253,411215,883
Operating expenses:
Research and development22,38222,077
Sales, general and administrative192,795153,456
Total operating expenses215,177175,533
Income from operations38,23440,350

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Penumbra's gross profit?
Penumbra (PEN) reported gross profit of $253.41M in Q1 2026.
How has Penumbra's gross profit changed year-over-year?
Penumbra's gross profit increased by 17.4% year-over-year, from $215.88M to $253.41M.
What is the long-term trend for Penumbra's gross profit?
Over 4 years (2021 to 2025), Penumbra's gross profit has grown at a 18.7% compound annual growth rate (CAGR), from $475.38M to $942.44M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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